Tucson Real Estate Absorption Rates September 2008
October 16, 2008
Post Tags: Tucson Real Estate , Tucson Real Estate Market , Tucson-Absorption-Rates-September-2008
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September 2008 turned out to be the strongest September since 1996 for closed transactions. Some areas showed much improvement while a few lost a little ground. Much of Tucson is below a normal market inventory.
|
Area
|
Sept Listed |
Sept
Sold |
Sept
AR |
Aug Listed |
Aug
Sold |
Aug
AR |
Sold YTD
|
| N | 740 | 63 | 11.74 | 716 | 57 | 12.56 | 691 |
| NE | 450 | 31 | 14.51 | 446 | 40 | 11.15 | 356 |
| NW | 1949 | 237 | 8.22 | 1946 | 254 | 7.66 | 2150 |
| XNW | 139 | 12 | 11.58 | 134 | 4 | 33.9 | 79 |
| C | 1017 | 124 | 8.20 | 965 | 127 | 7.59 | 1181 |
| E | 461 | 81 | 5.69 | 445 | 60 | 7.41 | 609 |
| S | 480 | 76 | 6.31 | 496 | 69 | 7.18 | 550 |
| SE | 605 | 103 | 5.87 | 621 | 91 | 6.82 | 817 |
| SW | 604 | 87 | 6.94 | 602 | 78 | 7.71 | 617 |
| XSW | 297 | 16 | 18.56 | 295 | 21 | 14.04 | 217 |
| XS | 544 | 62 | 8.77 | 524 | 46 | 11.39 | 551 |
| W | 476 | 35 | 13.60 | 490 | 51 | 9.60 | 411 |
| XW | 80 | 5 | 13.33 | 72 | 5 | 14.40 | 49 |
| 7,857 | 934 | 8.41 | 7,763 | 903 | 8.59 |
The overall absorption rate at 8.59 is high due to the double digit areas in Tucson. It will be interesting to see what happens to both absorption and total active listings in this final quarter of the year.
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